petens7

UVXY will go up, but not yet

Long
petens7 Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
I made some cosmetic changes to my idea, to be on the safe side.
Comment:
Just an overreaction of the Market on FOMC Meeting Minutes IMO. Although, only
tomorrow will show, if it will trigger a bigger correction in indexes. Everything is overheated, so it wouldn't be a surprise.
Cryptos are going down for now, which could forecast a drop in market, as people are getting rid of garbage first, when trying to lower their weight. But I still hope situation will stabilize and I will to start with my purchases of UVXY under 11,50. Being OK with the fact it can go to 10, or even 9 before it will really shot up.
Comment:
this is not the spike I am waiting for, I am shorting the volatility with SVXY for now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.